World soccer's governing body FIFA will test its semi-automated offside technology at the Arab Cup 2021 which begins in Qatar on Tuesday, with Chief Refereeing Officer Pierluigi Collina saying the competition represented its most important trial so far.

The technology is based on limb tracking and provides the Video Assistant Referee (VAR) with information before the on-field official takes a final call.

"We'll have a camera setup installed under the roof of each stadium," FIFA's Football Technology and Innovation Director Johannes Holzmueller said in a statement on Monday.

"The limb-tracking data extracted from the video will be sent to the operations rooms and the calculated offside line and detected kick-point is provided to the replay operator in almost real time.

"The replay operator then has the opportunity to show it immediately to the VAR. At the FIFA Arab Cup the assistant VAR at a dedicated offside station can immediately validate and confirm the information."
FIFA's Chief of Global Football Development Arsene Wenger said in April that he hoped the organisation would be ready to implement the technology at next year's World Cup in Qatar.

In March, former Netherlands forward Marco van Basten called on football's lawmakers to consider scrapping the offside rule, saying that the sport would be better off without it.

The game has seen several contentious offside calls since the introduction of the VAR, with growing concern about the time taken and the precision with which offsides are judged.

"Technology is very important and useful in both the pre-match preparation and the decision-making process during matches," Collina said.

"In an offside incident, the decision is made after having analysed not only the players' position but also their involvement in the move.

"Technology – today or tomorrow – can draw a line but the assessment of an interference with play or with an opponent remains in the referee's hands."

SOURCE: REUTERS

Bitcoin and other cryptocurrencies surged Monday after a sharp sell-off at the end of last week.

The price of bitcoin climbed back above $58,000, rising 8.6% in 24 hours to $58,607.75, according to Coin Metrics data.

Other digital assets also rose, with ether jumping more than 9% to $$4,440.99 and XRP up 9% at around 99 cents.

Vijay Ayyar, head of Asia Pacific at cryptocurrency exchange Luno, said early reports that the new, heavily-mutated omicron Covid variant came with milder symptoms was giving the market a boost.

“We’re seeing news of the variant being potentially weaker in terms of symptoms in early analysis, which has bolstered the market comeback,” Ayyar said via email. “Hence, smart investors have probably bought this dip.”

Bitcoin last week sank as low as $53,549, its lowest level since early October, amid a broader sell-off in stocks and other riskier assets on the back of fears over the new coronavirus variant.

The world’s largest digital currency was briefly down more than 20% from its recent all-time high of nearly $69,000, officially entering bear market territory. Bear markets are typically defined by a decline of 20% of more from recent highs.

The new Covid variant, first identified in South Africa, has spread to multiple countries including the U.K., Germany and Italy.

The US, UK and other nations have restricted travel with some African countries in response. Britain has also introduced new measures to tackle the new virus mutation, including mandatory mask wearing in shops and public transport in England.

On Sunday, Dr. Angelique Coetzee, the South African doctor who first spotted the omicron variant, described its symptoms as “extremely mild,” soothing fears of a potential return of lockdown restrictions during the holidays.

“The global environment did add to the uncertainty across all risk asset classes as we saw last week, but the bounce back always shows us how strong the uptrend is, which is what we’re seeing here,” Ayyar said.

If bitcoin loses $48,000 to $50,000 on a daily or weekly basis, “that would definitely imply bearishness,” he added. But for now, Ayyar says “we’re still in bull market territory.”

SOURCE: CNBC

Lawmakers narrowly elected her premier for the second time in less than a week after she set out plans for a minority government made up of only her Social Democrats.

The former finance minister had won a similar vote on Wednesday but threw in the towel hours later after a junior coalition partner left the government over a lost budget vote. read more

"Like all minority governments, we will seek co-operation with other parties in parliament, and I see good opportunities to do so," Andersson, whose party holds 100 seats in the 349-seat parliament, told a news conference.

"The Social Democrats have the biggest party group in parliament by a wide margin. We also have a long tradition of cooperation with others and stand ready to do what is needed to lead Sweden forward."

The leader of the right-wing opposition Moderate Party, Ulf Kristersson, described the incoming administration as a "nine-month caretaker government" and said it would not be able to achieve much in the run-up to elections due in September 2022.

Andersson will have to lead one of Sweden's weakest governments in recent decades, and govern on a budget in part formulated by three opposition parties, including the anti-immigration Sweden Democrats, whose gains over the past decade lie at heart of Sweden's political turmoil.

Parliament adopted budget amendments put forward by the opposition last week which heavily reshaped government spending plans.

The Social Democrats have been in power since 2014 supported by parties united by little else than their desire to keep the Sweden Democrats from influencing policy.

The centre-right opposition has struggled to gather enough votes to form a majority government and polls suggest there may be little shift in the political calculus in the next election.

Andersson will face major challenges.

Gang violence plagues the suburbs of major cities. The health service barely coped with the pandemic and needs strengthening, while the government will need to manage a promised transition to a zero-emissions economy.

SOURCE: REUTERS